Tautachrome Inc (TTCM)

[Grand]

Ceo/ Prefered shares got recently canceled, looks to me that RDSH is preparing its SS for it.

On January 15, 2015, the Company redeemed the Series A Share from Micheal Nugent for $1.00. There were no other shares of Series “A”
Preferred Stock outstanding at the time of the redemption.


On December 9, 2014, the Registrant entered into a Shares for Debt Agreement (the “Agreement”) with Micheal Nugent, its President, CEO, CFO and a director, whereby Mr. Nugent agreed to surrender 39,312 shares of the Registrant’s Series B Preferred Stock to the Registrant in exchange for a promissory note for $98,281.00 USD, with interest accruing thereon at the rate of 5% per annum (the “Note”). The Note is due and payable on December 31, 2015, but the Registrant may prepay the amount outstanding without penalty. The shares of Series B Preferred Stock acquired from Mr. Nugent will be canceled and extinguished.


Quote:
By resolution dated December 9, 2014, the Registrant’s board of directors has cancelled the issuance of 4,000,000 shares of Series B Preferred Stock. The issuance was originally approved by resolution of the board of directors on June 17, 2013, but no shares of Series B Preferred Stock were delivered in accordance with the resolution.



Quote:By resolution dated December 9, 2014, the Registrant’s board of directors has cancelled the issuance of 5,906,455 shares of Series C Preferred Stock. The issuance was originally approved by resolution of the board of directors on June 17, 2013, but no shares of Series C Preferred Stock were delivered in accordance with the resolution.